The Pakistan Stock Exchange on Wednesday witnessed a huge rally in the opening hours, with the KSE 100 Index rising by more than 650 points to reach a historic high of 150,400 points.

According to market analysts, investor confidence in the market appeared to be recovering.

The analyst said the boom can be attributed to improving economic indicators, hopes of political stability, and a positive response to the country’s fiscal policies.

The bullish trend not only energised investors but also saw a significant increase in trading volume in the market.

The analysts said that a rising stock market is a positive signal for the country’s economy. However, they warned, economic decisions and global financial trends in the coming days may affect this momentum.

On Tuesday, too, the 100 index crossed the 150,000-point mark for the first time. Due to strong buying by investors at the beginning of the day, the index went up by 2,127 points and touched the 150,323-point level.

However, after some profit-taking at the end of the day, the index came down and closed at 149,000 points.